Brokerages Set Goosehead Insurance, Inc (NASDAQ:GSHD) Price Target at $97.90

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) have received a consensus recommendation of "Hold" from the ten brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $97.90.

Several equities research analysts recently weighed in on the stock. Piper Sandler increased their target price on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. TD Cowen raised their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a research report on Wednesday, November 20th. JMP Securities boosted their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the company a "market outperform" rating in a research report on Thursday, October 24th. BMO Capital Markets raised their target price on Goosehead Insurance from $90.00 to $120.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 19th. Finally, Truist Financial lifted their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a "hold" rating in a research note on Friday, October 4th.

Insider Activity at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 4,814 shares of the business's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $90.26, for a total value of $434,511.64. Following the transaction, the insider now owns 5,000 shares of the company's stock, valued at approximately $451,300. The trade was a 49.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $100.21, for a total value of $4,402,024.88. The disclosure for this sale can be found here. Insiders sold 122,255 shares of company stock valued at $12,686,800 in the last ninety days. Insiders own 48.35% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in Goosehead Insurance by 5.0% in the second quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the company's stock valued at $729,000 after acquiring an additional 600 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Goosehead Insurance by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 177,516 shares of the company's stock worth $10,197,000 after buying an additional 11,139 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Goosehead Insurance by 15.8% during the second quarter. Verdence Capital Advisors LLC now owns 9,791 shares of the company's stock worth $562,000 after buying an additional 1,333 shares during the last quarter. BloombergSen Inc. raised its stake in shares of Goosehead Insurance by 75.4% during the second quarter. BloombergSen Inc. now owns 4,142 shares of the company's stock worth $238,000 after buying an additional 1,780 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Goosehead Insurance by 1.2% in the second quarter. Principal Financial Group Inc. now owns 146,627 shares of the company's stock valued at $8,422,000 after buying an additional 1,698 shares during the period.

Goosehead Insurance Stock Performance

Shares of GSHD stock traded down $0.20 during trading hours on Thursday, reaching $107.69. 260,161 shares of the company's stock were exchanged, compared to its average volume of 282,626. Goosehead Insurance has a fifty-two week low of $50.47 and a fifty-two week high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a market capitalization of $4.00 billion, a P/E ratio of 149.57, a P/E/G ratio of 4.51 and a beta of 1.38. The business has a fifty day moving average price of $113.22 and a 200-day moving average price of $88.60.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $78.04 million during the quarter, compared to analysts' expectations of $80.54 million. During the same period in the prior year, the company earned $0.28 EPS. The business's quarterly revenue was up 9.9% compared to the same quarter last year. Analysts predict that Goosehead Insurance will post 0.84 EPS for the current fiscal year.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.